You are interviewing three people for one sales job. On the basis of your experience, you believe Mike can sell 600 units a day, Jerry can sell 450 units a day and Ben can sell 400 units a day. The daily salary each person is requesting is as follows: Mike, $200; Jerry, $150; Ben, $100. How would you rank the three applicants? ANSWER

You are interviewing three people for one sales job. On the basis of your experience, you believe Mike can sell 600 units a day, Jerry can sell 450 units a day and Ben can sell 400 units a day. The daily salary each person is requesting is as follows: Mike, $200; Jerry, $150; Ben, $100. How would you rank the three applicants? ANSWER

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 49P

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Question: You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows: Jane, $200; Tom, $150; Kevin, $100. How would you rank the three applicants?
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Give answer to the general Accounting Problem
Subject: Financial Accounting
Fred is considering three job offers in advertising. A full-time position as a coordinator that pays a salary of $40,000 per year. A full-time position as a designer that pays an hourly wage of $28. The job assumes five 8-hour days per week. A sales representative that pays a 5% commission. Sales reps typically sell an average of $100,000 per month in advertising. The following are the specifics about the benefits of the job opportunities: The U.S. government will deduct Social Security (6.2%) and Medicare (1.45%). Fred will deduct 15% of Gross Income to cover Federal Income Tax. Fred does not live in a state with State Income Tax. Fred is planning on taking two weeks of vacation and has typically been sick 3 days per year. The Coordinator job includes two weeks of paid vacation and five paid sick days per year, paid health insurance, life insurance costing $35 per month, and a fully paid retirement plan. The Designer job includes five paid vacation days and three paid sick days…
Fred is considering three job offers in advertising. A full-time position as a coordinator that pays a salary of $40,000 per year. A full-time position as a designer that pays an hourly wage of $28. The job assumes five 8-hour days per week. A sales representative that pays a 5% commission. Sales reps typically sell an average of $100,000 per month in advertising. The following are the specifics about the benefits of the job opportunities: The U.S. government will deduct Social Security (6.2%) and Medicare (1.45%). Fred will deduct 15% of Gross Income to cover Federal Income Tax. Fred does not live in a state with State Income Tax. Fred is planning on taking two weeks of vacation and has typically been sick 3 days per year. The Coordinator job includes two weeks of paid vacation and five paid sick days per year, paid health insurance, life insurance costing $35 per month, and a fully paid retirement plan. The Designer job includes five paid vacation days and three paid sick days…
Fred is considering three job offers in advertising. A full-time position as a coordinator that pays a salary of $40,000 per year. A full-time position as a designer that pays an hourly wage of $28. The job assumes five 8-hour days per week. A sales representative that pays a 5% commission. Sales reps typically sell an average of $100,000 per month in advertising. The following are the specifics about the benefits of the job opportunities: The U.S. government will deduct Social Security (6.2%) and Medicare (1.45%). Fred will deduct 15% of Gross Income to cover Federal Income Tax. Fred does not live in a state with State Income Tax. Fred is planning on taking two weeks of vacation and has typically been sick 3 days per year. The Coordinator job includes two weeks of paid vacation and five paid sick days per year, paid health insurance, life insurance costing $35 per month, and a fully paid retirement plan. The Designer job includes five paid vacation days and three paid sick days…
During each year, CSL Computer Company needs to train 27 service representatives. It costs $12,000 to run a training program, regardless of the number of students being trained. Service reps earn a monthly salaryof $1500, so CSL does not want to train them before they are needed. Each training session takes one month. a. State the assumptions needed for the EOQ model to be applicable. b. How many service reps should be in each training group? c. How many training programs should CSL undertake each year? d. How many trained service reps will be available when each training program begins?
To recap, W.T.’s planning on the following: Newspaper ad $120 per month Social media manager $100 per month; $1 per job scheduled Payment collection $0.75 per job Gas $4.00 per job Considering his analysis of similar services and to keep things simple, W.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he’ll likely need to create different types of “jobs”. For example, purchasing a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We’ll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following table assuming W.T. completes 10 jobs in a single month. Item Per Job Total (10…
To test and assess what you have learned from this module, let us now compute the following. 1. Engelbert is a Marketing Manager earning an annual salary of P150 000, a commission on his own sales of 2%, and an override of - % on his men's sales. His men are entitled to 4-% commission on their own sales plus a basic monthly pay of P8 600 and transportation allowance of P1 200. Engelbert is also entitled to transportation and representation allowance of P1 500 a month. For the past month, Engelbert has total sales of P385 360 while his men sold as follows: Homer, P254 125 Pacifico, P88 194 Oliver, P128 460 Edward, P99 295 Compute for the gross earnings of Engelbert and each of his men. 2. Matt is a Product Manager earning a semi-monthly salary of P5 500. He is given commission of 2.5% on his own sales and an override of 0.5% on his men's sales. His men are entitled to a 3.75% commission on their own sales and a basic semi-monthly salary of P4 000. Matt and his men are given…
A work at home opportunity is available in which you will receive 3 percent of the sales for customers you refer to the company. The cost of your franchise fee is $600. How much would your customers have to buy to cover the cost of this fee?